Newcore Gold Expands High-Grade Gold Zones at Enchi Project in Ghana

Newcore Gold has announced a new series of encouraging drill results from its ongoing exploration program at the 100%-owned Enchi Gold Project in southwestern Ghana. These latest findings underscore the strong potential for expanding both near-surface and deeper gold resources at the site, positioning Enchi as one of Ghana’s most promising emerging gold operations. Situated along the prolific Bibiani Shear Zone, which hosts major deposits such as Chirano and Bibiani, Enchi continues to demonstrate the geological consistency and scalability required for long-term development.

The company completed 24 new reverse circulation (RC) drill holes, totaling 3,843 metres, at the Kwakyekrom deposit within the Enchi Project area. The results confirm the continuity of gold mineralisation beyond the current pit-constrained resource, with significant intercepts such as Hole KKRC099 returning 1.08 grams per tonne (g/t) of gold over 22.0 metres from 112 metres depth, including a higher-grade interval of 2.78 g/t over 7.0 metres from 126 metres. Similarly, Hole KKRC085A yielded 1.29 g/t Au over 15.0 metres from 88 metres. These consistent results highlight the project’s strong mineralised system, with all drill holes intersecting gold and demonstrating high hit rates across both northern and southern extensions of the deposit.

The exploration campaign is part of a broader 45,000-metre drilling program, of which 28,940 metres (231 holes) have already been completed. Notably, 98.7% of all holes have intersected gold, reaffirming the robustness of the mineralised structures. Drilling has identified multiple sub-parallel gold zones, further expanding the exploration target and emphasizing the potential for resource growth. The current resource estimate for the project stands at 41.7 million tonnes at 0.55 g/t gold for 743,500 ounces in the Indicated category, and 46.6 million tonnes at 0.65 g/t gold for 972,000 ounces in the Inferred category. Both remain open along strike and at depth, signaling ample room for expansion.

According to CEO Luke Alexander, the latest results “highlight the opportunity to expand the current deposit at Kwakyekrom both within the near-surface mineralisation as well as at depth.” He also emphasized that Newcore’s strategic focus remains on steady resource growth while advancing toward a Pre-Feasibility Study (PFS) targeted for the first half of 2026. The consistency and scale of these results continue to strengthen investor confidence in Enchi’s potential as a future large-scale, low-cost gold producer.

For Ghana’s mining sector, the continued progress at Enchi reinforces the country’s reputation as a leading gold jurisdiction in Africa. The project’s success could attract additional investment into Ghana’s southwestern region and further enhance local economic development through infrastructure expansion, employment creation, and partnerships with regional suppliers. As Enchi advances toward feasibility, it could emerge as a key contributor to Ghana’s long-term gold output and its broader mining economy.

Mini-Glossary

• RC Drilling (Reverse Circulation Drilling): A drilling method that uses compressed air to bring rock samples to the surface for analysis.
• g/t (grams per tonne): A unit of measurement expressing the concentration of gold in a rock sample.
• Pit-constrained resource: A resource estimate limited by the boundaries of an economically mineable open-pit design.
• Indicated and Inferred Resources: Categories in mineral resource estimation that reflect different levels of geological confidence.
• Bibiani Shear Zone: A major geological structure in Ghana known for hosting several world-class gold deposits.
• Pre-Feasibility Study (PFS): An early-stage technical and economic assessment used to determine whether a mining project is viable.